NYTimes.com Article: U.S. to Pay Airlines for Added Security

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U.S. to Pay Airlines for Added Security

May 15, 2003
By BLOOMBERG NEWS






WASHINGTON, May 14 (Bloomberg News) - Delta Air Lines will
receive $390.1 million this week from the federal
government, the largest payment in a group made to 66
airlines under a law intended to help offset losses related
to the Iraq war.

American Airlines, part of the AMR Corporation, will
receive the second-largest sum, $361 million, followed by
United, part of the UAL Corporation, at $300.2 million, the
Transportation Security Administration said.

The aid payments, which total $2.3 billion, will be
electronically transmitted to airlines in the next two
days, said Robert Johnson, an agency spokesman. The money
is being distributed in proportion to the amount airlines
have paid for security since February 2002, the agency
said. The security administration has until Friday to
distribute the aid.

The aid is part of a $79 billion measure to pay for the
costs of the Iraq war. Airlines sought the aid when traffic
dropped before the war.

Other payments include Southwest Airlines, $271.4 million;
US Airways, $216 million; Northwest Airlines, $205 million;
Continental Airlines, $173.2 million; and America West,
$81.3 million.

http://www.nytimes.com/2003/05/15/business/15AIR.html?ex=1054015016&ei=1&en=5c0be6bcb6e46e13


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